Lloyds Banking Group is putting its City of London headquarters up for sale, with a £150m sale-and-leaseback opportunity.
The bank is understood to have put 25 Gresham Street, EC2, on the market through CBRE, following a series of sale-and-leaseback deals over recent months.
These have included a portfolio of 44 bank branches sold to property investors Aprirose for £39.5m in January, and the Edinburgh headquarters of its subsidiary Scottish Widows, sold for more than £105m in 2015.
Lloyds’ 120,000 sq ft, glass and steel headquarters was completed for the bank 15 years ago, when the bank quit its 71 Lombard Street headquarters to relocate to Gresham Street.
Lloyds TSB will acquire the long leasehold interest in the Gresham Street site, where the freehold is owned by the Goldsmiths Company.
Nearby 20 Gresham Street was sold to China Resources Land, a state-owned group, and the US company Northstar Realty Europe, for more than £300m in May 2017.
Lloyds declined to comment.
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